So yeah, just raise taxes and sell bonds.
Accepting BTC is not the same as holding it. The vast majority of businesses that accept bitcoin simply convert them instantly back to dollars. Why? Because they don't want BTC, they want dollars.
So BTC is more of a payment network, than a currency.
Bitcoin isn’t used for payment much, unless it’s for illegal activity.They'll hold bitcoin over dollars when inflation ramps up, which it most certainly will.
A payment network where anyone can pay anyone else, any amount, anywhere in the world, and no government can stop them.
Bitcoin isn’t used for payment much, unless it’s for illegal activity.
15,000 worldwide, lol.The dream is to never convert back to fiat.
Lots of businesses accept bitcoin, and their numbers are only going to go up.
How Many Businesses Accept Bitcoin? 39 Statistics
Approximately 15,174 businesses worldwide accept Bitcoin. Find more Bitcoin acceptance statistics in this roundup.buybitcoinworldwide.com
You mean the fiat token will increase in value when everyone dumps dollars into it?They'll hold bitcoin over dollars when inflation ramps up, which it most certainly will.
Which is why it's good for criming and criminals are the ones promoting it. <cough>FTX<cough>A payment network where anyone can pay anyone else, any amount, anywhere in the world, and no government can stop them.
No, it’s because no one really wants to use it that way, because it’s ridiculous and inconvenient.Because compared to using cash or a credit card, crypto is slow and inconvenient. But that's just an engineering problem that will be solved, especially when AI gets into the mix. I'll be starting a thread on that soon.
You mean the fiat token will increase in value when everyone dumps dollars into it?
Guess what.
When the dollar comes back and BTC falls in value back to where it was, the exact same amount will be lost.
Which is why it's good for criming and criminals are the ones promoting it. <cough>FTX<cough>
No, it’s because no one really wants to use it that way, because it’s ridiculous and inconvenient.
The only people who want this are the true nutters and they’re a small part of the population.
I wouldn't refer to that chart if I were trying to understand the dynamic between currency value, wages and prices. I'd use this one.Which point on this chart are you referring to:
That's not the solid reply you think it is.Cash is also good for crime.
It's already here. It's also allowing companies to hide losses and cook their books.Where crypto will shine is in tax evasion.
Pump and dump has been a securities scam since the tulip bulb. What is different is mass media and the billions that large holders spend to pump it.LOL. The thing about crypto, you can't tell if you're lucky or you're smart. But if you're a winner then you're relevant.
Is that where she keeps her private keys?So explain to us the cause of those examples, Zimbabwe and I presume Weimar Germany, then tell us how crypto would solve that problem?
It's already here.
Who guaranties that? It is only software, Software can always be hacked. Your private key is only secure as long as it is kept secret and you remain anonymous. But that is like burying gold at a location only you know and then trying to exchange it for something of value securely.Considering that the last bitcoin won't be mined until around 2140, I wouldn't worry about it too much.
Who guaranties that? It is only software, Software can always be hacked. Your private key is only secure as long as it is kept secret and you remain anonymous.
But that is like burying gold at a location only you know and then trying to exchange it for something of value securely.
For instance, a custodial hot wallet might be a popular exchange wallet where you trust the exchange to safeguard your private keys. Conversely, a noncustodial cold wallet could be a hardware wallet like Ledger or Trezor, which provides maximum security by storing your private keys offline.
Tell me how you buy bread with it?I don't have to remain anonymous because you have no way of knowing if I own any crypto at all. And neither does the state.
I have a Trezor, and I would recommend it.
As I said...
Just curious what your answer to this question would be. It's tangentially related....
If you saw a small child drowning in waste deep water and saving the child wouldn't put your safety at any risk. Do you have a moral obligation to save the child?
Do you think you have a legal obligation.
I'm not asking you if you know what the law is, I'm asking what you think it should be.
This is the problem crypto solves:
View attachment 67558078
View attachment 67558079
View attachment 67558080
You should tell that to all the people who lost billions of dollars on failed "cryptocurrencies" and memecoins.
Do you have any examples of nations that embrace your ideas?What is the connection between someone taking a calculated risk and losing, vs. a government intentionally wiping out the wealth of thousands of families?
Do you have any examples of nations that embrace your ideas?
Well you have to burn a ton of electricity for crypto… so maybe one some of that residual heat.At least you could burn your Weimar marks to stay warm.
Bitcoin has been exchanged since 2009. If there is still an “engineering problem” after fifteen years, then perhaps it’s not all that it’s cracked up to be.Because compared to using cash or a credit card, crypto is slow and inconvenient. But that's just an engineering problem that will be solved, especially when AI gets into the mix. I'll be starting a thread on that soon.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?